Month: October 2015

He came in sixth. Sulaiman Al Rajhi makes the list of the world's richest philanthropists

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Reading time: 2 Minutes  Wealth-X ranked Saudi businessman Sulaiman bin Abdulaziz Al Rajhi sixth on its list of the world’s most generous philanthropists, based on the total amount of money they have donated over their lifetimes. The report noted that Abdulaziz Al-Rajhi, founder of Al-Rajhi Bank, has donated $5.7 billion. He is a self-made billionaire who started from scratch., … Read more

He praised the stability of prices. The head of the Steel Companies Committee calls on the Ministry of Commerce to protect national products

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Reading time: < 1 MinuteEngineer Shu'ayl Al-Ayed, Chairman of the National Committee for Steel Companies, called on the Ministry of Commerce and Industry to take urgent measures to protect the domestic industry by imposing protective tariffs on imported steel and expediting approval for exports, a request that had been submitted to the highest authorities several months ago. He also noted the need to streamline procedures related to customs exemptions for raw materials used in the steel industry. Al-Ayed denied that … Read more

The Saudi Agricultural Exhibition is a tributary to the interest of the public and private sectors in agriculture and its technical and productive development

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Reading time: 5 MinutesAmlak-Reports – Mohammed Al-Maki The Saudi Agricultural Exhibition, which concluded last Wednesday, demonstrated significant interest from both the public and private sectors in the Kingdom of Saudi Arabia’s agricultural sector in terms of production and technology, which have improved significantly over the past decades. Although deserts make up a large part of Saudi Arabia’s land area, there are many regions that … Read more

Chairman of the National Real Estate Committee calls on the Ministry of Housing to provide more incentives to boost investment in the sector

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Reading time: < 1 Minute  Hamad Al-Shuwaier, Chairman of the National Real Estate Committee at the Council of Saudi Chambers, called on the Ministry of Housing to offer more incentives to real estate developers to make investment in the housing sector more attractive, thereby helping to bring more housing units to the market, while ensuring a fair balance ofpotential risks borne by the private sector, emphasizing that good coordination and infrastructure readiness will be … Read more

In his meeting with real estate developers, the Minister of Housing outlines four key pillars on which the sector will be based

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Reading time: 2 Minutes  Mr. Majid bin Abdullah Al-Hogail, Minister of Housing, emphasized the importance of developing sustainable—rather than emotional—solutions to the housing problem for current and future generations, and improving the efficiency of regulatory efforts by engaging engineering experts and specialists so that those eligible for housing can find suitable housing options. He noted that the Ministry has taken significant steps toward finding satisfactory solutions to the housing problem, which will be announced soon. … Read more

Ministry of Housing signs agreement with Electricity to provide electricity services to 29 schemes worth SAR 14 billion

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Reading time: 2 MinutesThe Ministry of Housing has taken a practical, serious, and vital step regarding the infrastructure of housing projects, by signing an agreement with the Saudi Electricity Company to provide electricity to 29 projects across the Kingdom, valued at 14 billion riyals, and the first agreement to provide electricity to housing projects, valued at 4 billion riyals. This took place during a special ceremony held for the occasion, attended by His Excellency the Minister of Housing, Mr. Majid … Read more

As a Diamond Sponsor of the 2015 Agricultural Exhibition, Arasco is working to promote human and animal health

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Reading time: < 1 MinuteAmid significant attendance and interest from across the agricultural, industrial, and financial sectors, the Saudi Agricultural Exhibition, in its 34th edition, was highlighted by the Arasco Company pavilion, one of the largest companies specializing in supporting food security and achieving sustainable development in the Kingdom and the Diamond Sponsor of the exhibition, where it showcased its latest products and services in the agricultural and livestock sectors, as well as other supporting services. The company’s booth, which … Read more

Makkah Chamber plans to launch 24 exhibitions and festivals to promote investment in real estate, endowments and Hajj

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Reading time: < 1 MinuteThe Makkah Chamber of Commerce and Industry is stepping up its preparations to finalize a package of specialized exhibitions, events, and conferences, and specialized festivals—totaling 24 events—that will boost the effectiveness of the real estate and investment sectors in Makkah by capitalizing on religious seasons. These events will be held throughout the new Hijri year and include the Noor Makkah Festival, Makkah Shopping Festival, Folk Arts, Makkah Craft, and Makkah Exhibitions… Read more

covering multiple sectors. Four vital agreements between Saudi Arabia and France boost investment opportunities between the two countries

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Reading time: < 1 Minute  The meetings of the Saudi-French Permanent Coordination Committee led to the signing of several important agreements in various fields, The agreements were signed during the committee’s second meeting, held at Al-Yamamah Palace. The Saudi side was led by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Deputy Crown Prince, Second Deputy Prime Minister, and Minister of Defense, while the French side was led by … Read more

In front of the Saudi-French Forum, “MODON” : Saudi Arabia establishes 3 new industrial cities annually

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Reading time: 2 MinutesThe Saudi Authority for Industrial Cities and Technology Zones (MODON) presented a briefing to a number of French investors on the most significant industrial investment opportunities in 34 industrial cities located throughout the Kingdom. Engineer Tariq Al-Shehib, Director of Business Development at MADIN, revealed that the annual growth rate of industrial cities in the Kingdom has increased to one new industrial city every two and a half years … Read more

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